The Role of Commercial Banks in the CBDC Paradigm

CBDCs have been touted as a way to consolidate the banking sector and make fewer and fewer banks but not necessarily eliminate commercial banking entirely right. I just wanted to point out how a commercial bank may exist within a CBDC paradigm according to some articles that have been published recently on the issue. So in the short run the Fed is much better off involving all the banks in playing a role on CBDC when the Fed is not set up to do customer support there are wholesale banks not retail so my understanding from Richard Warner is China has rolled out their CBDCs and involved the bank. If you get political opposition from all four thousand small banks you're going to run into major headwinds